The Japanese Tycoon Battling Steve Wynn

Feb 20, 2012 9:05 pm ET

Associated Press

When Vegas gambling mogul Steve Wynn turned to Japanese slot and pachinko machine tycoon Kazuo Okada for a financial investment more than a decade ago, Mr. Okada was one of the wealthiest men in Japan. In 1999, he paid over Y2.5 billion in income tax as the nation’s top individual taxpayer, according to multiple Japanese media reports at the time. He was listed on the 2010 Forbes billionaire list as the 21st richest person in Japan — No. 937 globally — with an estimated net worth of Y90 billion. Continue reading on Japan Real Time.